§ 20:16:18:26

ARSD 20:16:18:26

Limitation of joint and survivor benefit option.

Effective Jul 1, 201945 SDR 142Source: 28 SDR 109, effective February 11, 2002; 36 SDR 207, effective July 1, 2010; 40 SDR 197, effective May 27, 2014; 45 SDR 142, effective July 1, 2019. | General Authority: SDCL 3-12C-1647. | Law Implemented: SDCL 3-12C-1643 , 3-12C-1644.

The joint and survivor option may not be paid if payment would result in a monthly pension of less than $20 to the pensioner or the contingent annuitant.

Source: 28 SDR 109, effective February 11, 2002; 36 SDR 207, effective July 1, 2010; 40 SDR 197, effective May 27, 2014; 45 SDR 142, effective July 1, 2019.

General Authority: SDCL 3-12C-1647.

Law Implemented: SDCL 3-12C-1643 , 3-12C-1644.

Prior versions effective: 2014-05-27.